PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
127
34. INTEREST INCOME
Interest income was derived from the following:
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Government Recapitalization Bonds 8,182,196
15,390,066 9,337,554
6,052,512 Loans
8,809,062 8,375,139
5,487,269 2,887,870
Securities 952,491
867,670 627,672
239,998 Placements with Bank Indonesia and other banks
519,438 363,720
246,798 116,922
Fees and commissions 507,394
495,060 317,582
177,478 Others
174,589 65,400
20,908 44,492
19,145,170 25,557,055
16,037,783 9,519,272
Included in interest income from loans and others is syariah income for the years ended December 31, 2004, the eight-month period ended December 31, 2003, and the four-month period
ended April 30, 2003 amounting to Rp511,061, Rp172,971 and Rp65,726, respectively, with details as follows:
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Murabahah income 400,111
205,655 146,384
59,271 Musyarakah income
83,368 18,820
16,034 2,786
Others 27,582
14,222 10,553
3,669 511,061
238,697 172,971
65,726
35. INTEREST EXPENSE
Interest expense was incurred on the following:
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Time deposits 5,147,235
12,523,507 7,214,006
5,309,501 Savings deposits
2,112,420 2,323,917
1,445,616 878,301
Demand deposits 1,131,117
1,294,478 844,556
449,922 Fund borrowings
349,484 532,706
320,285 212,421
Securities issued 362,396
265,027 239,290
25,737 Subordinated loans
310,138 382,636
247,240 135,396
Loan capital 35,309
28,647 18,404
10,243 Others
74,434 86,797
28,731 58,066
9,522,533 17,437,715
10,358,128 7,079,587
Included in interest expense from time and savings deposits is syariah expense for the years ended December 31, 2004, the eight-month period ended December 31, 2003, and the four-month period
ended April 30, 2003 amounting to Rp242,675, Rp104,271 and Rp39,492, respectively.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
128
36. OTHER OPERATING INCOME - OTHERS
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Accretion in the realizable value of the security and effective reduction of principal related
to SUFRNs Notes 15, 29 and 30 144,830
113,316 89,458
23,858 Others
557,487 522,636
376,072 146,564
702,317 635,952
465,530 170,422
37. PROVISION FOR POSSIBLE LOSSES ON EARNING ASSETS
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Provisionreversal of allowance for possible losses on: Current accounts with other banks Note 4e
2,112 331
438 107
Placements with other banks Note 5f 19,428
19,522 3,389
22,911 Securities Note 6g
45,622 10,251
22,551 32,802
Other receivables - trade transactions Note 8d 26,651
41,863 46,130
4,267 Securities purchased with agreements to resell Note 9
4,800 -
- -
Derivative receivables Note 10 7,462
6,717 6,145
572 Loans Note 11B.j
275,662 1,056,661
453,382 603,279
Acceptances receivable Note 12d 6,626
29,607 49,859
20,252 Investments in shares of stock Note 13c
1,922 35,626
70,823 35,197
371,517 1,179,414
645,063 534,351
38. REVERSAL OF ALLOWANCE FOR POSSIBLE LOSSES - OTHERS
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Reversal of allowanceprovision for: Possible losses on legal cases Note 28
259,172 569,563
451,103 118,460
Possible losses on other assets Note 15 -
166,192 165,094
1,098 Others
50,000 82,634
82,634 -
309,172 320,737
203,375 117,362
39. GAINSLOSSES FROM INCREASEDECREASE IN VALUE OF SECURITIES AND GOVERN- MENT RECAPITALIZATION BONDS
Eight-Month Four-Month
Year Ended Year Ended
Period Ended Period Ended
December 31, December 31,
December 31, April 30,
2004 2003
2003 2003
Securities 71
52,306 20,764
31,542 Government Recapitalization Bonds
66,201 1,364
747,476 748,840
66,272 50,942
768,240 717,298